Amica Mutual Offers Enhanced Discounts on 2006 Massachusetts Auto Rates

LINCOLN, R.I.–(BUSINESS WIRE)–Jan. 17, 2006–Amica Mutual Insurance Company announced today that it has filed with the Massachusetts Division of Insurance to deviate downward from state-set rates, asking to offer a 15 percent multi-car credit for vehicles assigned a driver qualifying for the new Excellent Driver Discount Plus classification of the Safe Driver Plan.

The standard multi-car credit is five percent. The enhanced multi-car discount for safe drivers reflects the expected favorable loss experience for this class of business and the continuing reforms being made to the automobile insurance residual market mechanism.

“Amica has offered discounted rates since 1999, and we are committed to rewarding good drivers with lower rates,” said Robert A. DiMuccio, Amica’s President and Chief Executive Officer. “In addition, Massachusetts Insurance Commissioner Julianne M. Bowler has remained serious about fixing the anti-competitive automobile insurance system that has existed for years within the Massachusetts marketplace. Our 2006 filing incorporates the anticipated savings that will come with the administration’s resolve to see through the reform effort.”

Eligible drivers would realize a savings of approximately 10 percent off the state-set rates. For example, a two-car household with an average premium of $2,000 could realize a savings of approximately $200 on annual premiums. Amica also offers discounts on other lines of personal insurance, including homeowners.

J.D. Power and Associates has ranked Amica Mutual “Highest in Customer Satisfaction Among National Auto Insurers” for six consecutive years, and “Highest in Customer Satisfaction Among National Homeowner Insurers” for four years in a row.(a)

Amica Mutual Insurance Company, the nation’s oldest mutual insurer of automobiles, was founded in 1907. The company has insured Massachusetts drivers since 1922, and currently insures nearly 78,000 households in the state. The company, with corporate headquarters in Lincoln, Rhode Island, is a national writer of automobile, homeowner, condominium, renter, boat, yacht, and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary. Amica employs more than 3,000 people in 41 offices across the country. Amica operations in the commonwealth of Massachusetts employ 316 insurance professionals dedicated exclusively to the Massachusetts market. For more information, visit

(a) J.D. Power and Associates 2000-2005 National Automotive Insurance Satisfaction Studies(SM). 2005 Study based on responses from 15,272 automotive insurance policyholders. J.D. Power and Associates 2002-2005 National Homeowners Insurance Satisfaction Studies(SM). 2005 Study based on responses from 9,040 homeowner insurance policyholders.